spot_imgspot_img

Poll: Majority of Louisiana residents want tax cuts, reduction in state spending

(The Center Square) — Large percentages of Louisianans want to eliminate the state’s sales tax, limit growth in state spending and expand school choice options, according to a new poll.

The poll from the conservative-leaning nonprofit Pelican Institute of 1,023 likely voters conducted Sept. 11-13 offers insight into the priorities residents are looking for in Baton Rouge, and from politicians they plan to send there in the upcoming election.

Two-thirds of those polled said they want the legislature to prioritize responsible budgeting and limit state spending to create fiscal stability, compared to 9% that opposed. The net support of 57% was overwhelming in all demographics, with Democrats at net 44% support and independents at net 55%.

Louisiana spending has increased from roughly $27 billion in fiscal year 2015 to nearly $51 billion in fiscal year 2023-24, driven in part by influxes in general revenue taxes and temporary federal funds in recent years. Louisiana currently ranks 29th in the nation for spending, with the highest per capita spending in the South, according to the Tax Policy Center.

The poll, conducted by COR Strategies, also found strong support for phasing out the state’s income tax, which ranges from a marginal rate of 1.85% to 4.25% for personal income and between 3.5% and 7.5% for corporate income.

A total of 58% of those poll supported an income tax phase out, while 20% opposed, translating to net support of 38%.

“This is also supported by every demographic, including Democrats (+25%), who sometimes oppose measures like this when tested in other states,” pollsters wrote.

Support for education savings accounts parents can use to send their children to the school of their choice, including private schools, also had support from 62% of those polled, and net support of 37%. That support included most Democrats, with 17% more in favor than opposed.

Another 52% want to avoid overregulation to encourage technology and spur innovation, while 67% said a candidate’s support for the policies polled would impact how they vote.

“If we are to write Louisiana’s comeback story, we first have to get our fiscal house in order and fix our broken tax code that has, for far too long, landed Louisiana at the bottom of every good list and the top of every bad list,” Pelican Institute CEO Daniel Erspamer said in a statement. “Louisiana families are suffering, and too many of our best and brightest are leaving the state to find opportunity elsewhere. It’s time to embrace a bold vision for tax reform proven to bring jobs and opportunity — not to mention our kids and grandkids — back to our state.”

The institute released the poll along with a new tax reform plan that centers on flattening personal income and corporate income taxes to one tax bracket and rate, with a focus on reducing the rates over time to eventually eliminate the personal income tax.

Other provisions would impose a stronger spending limit to sustain tax reforms, which also include eliminating corporate franchise taxes, and inventory tax, along with associated credits.

The plan further calls for centralizing sales tax administration and broadening the sales tax base by repealing exemptions.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_imgspot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Browns will move to Brook Park, Cleveland mayor says

(The Center Square) – The Cleveland Browns plan to...

Environmental agency suggests monitoring systems to detect air pollution

(The Center Square) — The Community Air Monitoring and...

Ruling on Illinois’ gun ban expected sometime after Monday

(The Center Square) – A ruling on whether Illinois’...

Nearly $10M spent in U.S. House District 14

(The Center Square) – In Georgia’s 14th Congressional District,...

Colorado lawmakers oppose increased federal control over National Guard

(The Center Square) - A bipartisan group of 124...

Lawmaker flags Sedona firearms ordinance ‘enforceability’

(The Center Square) – Arizona Rep. Quang Nguyen, R-Prescott...

Arizona tutoring program available until end of school year

(The Center Square) – The Arizona Department of Education's...

More like this
Related

Browns will move to Brook Park, Cleveland mayor says

(The Center Square) – The Cleveland Browns plan to...

Environmental agency suggests monitoring systems to detect air pollution

(The Center Square) — The Community Air Monitoring and...

Ruling on Illinois’ gun ban expected sometime after Monday

(The Center Square) – A ruling on whether Illinois’...

Nearly $10M spent in U.S. House District 14

(The Center Square) – In Georgia’s 14th Congressional District,...